MIAMI, FL / ACCESSWIRE / April 27, 2016 / Top Nasdaq Stocks is issuing a report on four stocks to watch. MWOG, AMRS, LGCY, and ORIG have been added to our watch list today. Continue reading to find out why. - To get daily alerts on top stocks on the Nasdaq/NYSE subscribe to our newsletter at TopNasdaqStocks.com.
Midwest Oil and Gas, Inc. (OTC: MWOG) is not a listed stock and trades on the OTCBB. However the price and volume have increased to record levels. As of the noon hour, MWOG has traded as much as 7.56million shares and has also seen highs of $0.973. This high price is more than $0.90 above the stock's previously recorded closing price. The company is an oil and gas company dedicated to sourcing and securing domestic energy solutions.
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Amyris, Inc. (NASDAQ: AMRS) saw a spike in price movement by 31% from its previous close to highs on Wednesday of $1.42. The industrial bioscience company announced this morning that it has executed a five year Biofene® supply agreement with a global nutraceuticals company. Under the new supply agreement, the customer has agreed to a larger Biofene purchase in 2016 with an expected revenue contribution of approximately $9 million and to minimum annual purchase commitments in each of the remaining years of the agreement. Since early April, shares of AMRS have increase by more than 50% as of Wednesday morning.
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Legacy Reserves LP (NASDAQ: LGCY) has seen a multi day move up in price and volume during the last 2 weeks. Since April 18th the stock has increased by as much as 278%. On Wednesday morning, shares of LGCY hit highs of $3.89, which is a level that the stock hasn't seen since November of last year. The company will hold an earnings conference call on May 5 to discuss the company's earnings, which will be released May 4. A replay of the call will be available through Thursday, May 12, 2016, by dialing 855-859-2056 or 404-537-3406 and entering replay code 86768701.
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Ocean Rig UDW Inc. (NASDAQ: ORIG) announced Monday (4/25) that one of its subsidiaries has acquired the 6th generation ultra deepwater drillship Cerrado, being sold through an auction, for a purchase price of $65 million, which will be funded with available cash on hand. Not only has price and volume increased on Wednesday April 27 but shares of ORIG have moved up in price by as much as 212% since early April. On Wednesday ORIG saw record volume for April and moreover, this volume activity hasn't been seen since the stock traded over 7million shares on March 7. Ocean Rig is a global provider of offshore deepwater drilling services.
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Disclosure: The information, opinions and analysis contained in this report are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We do not accept any responsibility or liability for any losses, damages or costs arising from an investor's or other person's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities, nor a recommendation of any security. Past gains are not representative of future gains. Top Nasdaq Stocks has not been compensated nor does it expect to receive any compensation for distribution of its opinions and publicly available information regarding ORIG, MWOG, AMRS, or LGCY in this investment opinion article at this time. The opinions contained herein contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. When used herein, the words "anticipate," "intend," "estimate," "believe," "expect," "plans," "should," "potential," "forecast," and variations of such words and similar expressions are intended to identify forward-looking statements. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. A company's actual results could differ materially from those described in any forward-looking statements contained herein. Top Nasdaq Stocks is not a licensed broker, broker dealer, market maker, investment advisor, analyst or underwriter. We recommend that you use the information found herein as an initial starting point for conducting your own research in order to determine your own personal opinion of the companies discussed herein before deciding whether or not to invest. You should seek such investment, tax, financial, accounting or legal advice appropriate for your particular circumstances. Information about many publicly traded companies and other investor resources can be found at www.sec.gov. Investing in securities is speculative and carries risk. Please visit http://topnasdaqstocks.com/index.php/disclaimer/ website for a more detailed discussion of risks and disclosures.
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